Birdeye Capital (“Birdeye”) is required to publish information on whether it considers the adverse impacts of investment decisions on sustainability factors (the “PAIs”) under the Regulation 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (the “SFDR”). Birdeye does not currently consider the PAIs of investment decisions on sustainability factors in connection with its services, as defined under the SFDR. This is because the GHG emissions, biodiversity, or other impacts, in Birdeye’s view, cannot be systematically, at a reasonable cost with a necessary precision and scientifically quantitatively measure in the context of funds managed by Birdeye. Additionally, the standards setting out the scope of PAIs and the corresponding mandatory reporting template have not yet been adopted by the legislator.

Birdeye intends to keep the consideration of PAIs under review in short to medium term.